Changes in tax rates affect both aggregate demand and aggregate supply. Explain why this is true.

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Core Macroeconomics

ISBN: 978-1464191435

3rd edition

Authors: Eric Chiang

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Question Posted: Dec 08, 2015 05:51 AM

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Changes in tax rates affect both aggregate demand and aggregate supply. Explain why this is true.

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On the demand side tax rate changes affect consumer income which affects cons...View the full answer

Core Macroeconomics

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